(1) A procuring institution must—
(a) conduct procurement in accordance with this Act;
(b) develop and implement an effective and efficient procurement system, including a procurement policy, as envisaged in section 24;
(c) define procurement needs by compiling a statement of requirements and the statement must be included in the invitation documents, evaluation process and contracts;
(d) provide procurement information as may be prescribed or as the Public Procurement Office or the relevant provincial treasury may require; and
(e) comply with the measures to prevent abuse of its procurement system envisaged in section 26.
(2) A procuring institution may, as prescribed, correct any action or omission purportedly made in terms of this Act, if the action or omission was based on an error of law or fact or fraud.